Cargill names its new chief executive

Warren R. Staley, chief executive of Cargill will retire June 1 after
reaching 65 and will be succeeded by Gregory R. Page, 55, who has been Cargill's
president and chief operating officer since 2000.

Page joined Cargill in 1974 as a trainee. He worked in the company's United
States animal nutrition business before transferring to Singapore in 1985 to run
the animal nutrition operations in Asia. He returned to the United States in
1992. He began running Cargill's North American and Australian beef and pork
operations in 1995.Staley became Cargill president in 1998, chief in 1999
and chairman in 2000. He has worked at Cargill since
1969.